Monday, July 7
12:00 pm
Lunch
1:00 pm

Earnings Management and Price Informativeness

Zhiguo He, Stanford University and NBER
Wenxi Jiang, Chinese University of Hong Kong
Wei Xiong, Princeton University and NBER

Discussant:
Qian Jun, Fudan University
1:50 pm

External Finance Premium: Market Finance versus Bank Finance

Livia Chitu, European Central Bank
Sofia Gori, European Central Bank
Refet S. Gürkaynak, Bilkent University

Discussant:
Luc Laeven, European Central Bank
2:40 pm
Break
2:55 pm

Markups, Production Technology, and the Cost of Capital in Financial Markets

Ginha Kim, University of Chicago
James Traina, New York University

Discussant:
Susanto Basu, Boston College and NBER
3:45 pm

Credit Supply, Prices, and Rationing in the Mortgage Market

John A. Mondragon, Federal Reserve Bank of San Francisco

Discussant:
Andreas Fuster, EPFL and Swiss Finance Institute
4:35 pm
Adjourn
Tuesday, July 8
12:00 pm
Lunch
1:00 pm

Government Intervention in the Financial Market

Jiang Wang, Massachusetts Institute of Technology and NBER

Discussant:
TBA
1:50 pm

The Prudential Toolkit with Shadow Banking

Kinda Cheryl Hachem, University of Virginia and NBER
Martin Kuncl, Bank of Canada

Discussant:
Raghuram Rajan, University of Chicago and NBER
2:40 pm
Break
2:55 pm

Federal Reserve Balance-Sheet Policy in an Ample Reserves Framework: An Inventory Approach

Joseph G. Haubrich, Federal Reserve Bank of Cleveland

Discussant:
Jonathan H. Wright, Johns Hopkins University and NBER
3:45 pm

Brown Capital (Re)Allocation

Olivier Darmouni, Columbia University
Yuqi Zhang, Columbia University

Discussant:
Samuel M. Hartzmark, Boston College and NBER
4:35 pm
Adjourn
Wednesday, July 9
12:00 pm
Lunch
1:00 pm

How Much Does It Cost for a Firm to Switch Banks

Mary Amiti, Federal Reserve Bank of New York
Anil K Kashyap, University of Chicago and NBER
Anna Kovner, Federal Reserve Bank of Richmond
David Weinstein, Columbia University and NBER

Discussant:
Stephan Luck, Federal Reserve Bank of New York
1:50 pm

Banking Relationships and Loan Pricing Disconnect

Francesco Beraldi, Yale University

Discussant:
Adi Sunderam, Harvard University and NBER
2:40 pm
Break
2:55 pm

Monetary Policy Along the Yield Curve: Why can Central Banks Affect Long-Term Real Rates?

Paul Beaudry, University of British Columbia and NBER
Paolo Cavallino, Bank for International Settlements
Tim Willems, Bank of England

Discussant:
Monika Piazzesi, Stanford University and NBER
3:45 pm

Fund Flows and Income Risk of Fund Managers

Xiao Cen, Texas A&M University
Winston Wei Dou, University of Pennsylvania and NBER
Leonid Kogan, Massachusetts Institute of Technology and NBER
Wei Wu, Texas A&M University

Discussant:
Tyler Muir, University of California, Los Angeles and NBER
4:35 pm
Adjourn